Prairie Provident Resources (TSE:PPR) Shares Down 12.5% – Should You Sell?

Prairie Provident Resources Inc. (TSE:PPR) shares traded down 12.5% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 427,900 shares were traded during mid-day trading, an increase of 114% from the average session volume of 200,076 shares. The stock had previously closed at C$0.04.

Prairie Provident Resources Stock Performance

The company has a market cap of C$32.63 million, a P/E ratio of -0.88 and a beta of 2.52. The firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.04. The company has a current ratio of 0.15, a quick ratio of 0.28 and a debt-to-equity ratio of 892.89.

Prairie Provident Resources Company Profile

Prairie Provident Resources Inc engages in the exploration, development, and production of oil and natural gas properties in Alberta. The company explores for light and medium oil, heavy crude oil, conventional natural gas, and natural gas liquids. It principally focuses on the Princess and Michichi areas targeting the Glauconite, Detrital, Ellerslie, Lower Cretaceous Mannville, and Mississippian Banff formations in southeastern Alberta; and the Evi areas targeting the Devonian Slave Point, Gilwood, and Granite Wash formations situated in the Peace River Arch area of northern Alberta.